AUDUSD, a reflection on the situation in Australia.
COVID camps and extreme divisive policies against unvaccinated people is depicting a government that is trending towards totalitarianism, markets know this and are reacting accordingly. The US dollar is in a much better place with constitutional rights preserved so far and many states preserving their economic activity and social cohesion.
There's no horizon in which the Aussie dollar should be bought right now. Support levels are just pit stops.
There's no horizon in which the Aussie dollar should be bought right now. Support levels are just pit stops.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.